…surge in tax revenues in 2005, and the corresponding fall in the budget deficit. Yesterday AB illustrated one way in which this claim is nonsense: there is no discernable relationship…

…get too big. “Your testimony helped blow the lid off the lock box,” Clinton said. Greenspan responded, noting that economists at the Office of Management and Budget, Congressional Budget Office…

…will not require sustained aid,” said a report from President Bush’s Office of Management and Budget. Mitch Daniels: White House Office of Management and Budget Director Mitch Daniels told The…

…1992 wherein all countries joining the euro are required to keep any budget deficits below 3.0% of GDP. The economic reasons for imposing such a limit are slightly complicated, having…

…YEAR 2004 (Billions of dollars) CBO OMB Receipts 1,817 1,791 Outlays 2,294 2,319 Deficit -477 -527 On-budget deficit -631 -682 Off-budget surplus 154 154 Sources: Office of Management and Budget;…

Good News in the President’s Budget! No, it’s not that this year’s budget contains glossy ads. Nor is it that the 1/2 trillion dollar in the red federal government will…

…the Congress only have direct, budget-to-budget control over the discretionary portions of spending. To change mandatory spending, they would have to alter one of the US’s social benefit policies. Anyway,…

…fix, and so we should be starting now; and budget deficits almost never get fixed without a formal enforcement mechanism like the recently expired Budget Enforcement Act. Points well taken….

…Return to Budget Deficits“. The analysis and findings are similar to my earlier post, but with more detail and some additional graphs. In OMBwatch’s estimation, There are several reasons for…

An NPR article and a Marketplace piece, which feature Milwaukee fast-food workers, highlight a hidden issue among low-wage jobs — many have such random work schedules, they can’t even get…